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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Apartment buildings
1835 2nd St Milwaukee, WI 53212-3746
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0655862
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1928
Total area
12,159 SF
Lot
0.35 ac (15,082 SF)
Zoning code
RT4
APN
353-0834-100
UPID
US92-0655862
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Brewers Hill 1835 Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$2.21M
Owner & transaction history
Brewers Hill Apartments 1835 L · 10 yrs held
Brewers Hill Apartments 1835 L
since 2015
6 recorded transactions
Zoning & alternative use
RT4 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milwaukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milwaukee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,885,000
6.5%
$1,740,000
7%
$1,620,000
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$181 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$37,234
Tax year 2022
Assessed value
$1,563,800
Assessed 2022
Previous assessed
$1,563,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$210,000
Assessed improvement
$1,353,800
Land market value
$210,000
Improvement market value
$1,353,800
Total market value
$1,563,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1928
Heating
YES
Cooling
YES
Stories
3
Units
35
Rooms
54
Bathrooms
36
Total area
12,159 SF
Lot
0.35 ac (15,082 SF)
Zoning code
RT4
APN
353-0834-100
UPID
US92-0655862
Jurisdiction
MILWAUKEE
Zoning & alternative use
RT4 · Milwaukee, WI
Zoning RT4 · permitted uses
RT4 · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milwaukee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Heating
YES
Cooling
Yes
Stories
3
Units
35
Rooms
54
Bathrooms
36
Lot
0.35 ac
Current owner
From public records · entity-resolved
Brewers Hill Apartments 1835 L
Individual
Free & Clear · 10 yrs held
Mailing address
1840 N FARWELL AVE, MILWAUKEE, WI 53202-3693
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2017
—
Brewers Hill Apts 1835 LLC
—
Deed Of Trust
related
$362,000 · First Busn Bk/milwaukee
Sep 18, 2015
$77,000
Brewers Hill Apartments 1835 L
Joan Wiegand Investments LLC
Quit Claim Deed
related
—
Jan 31, 2008
$77,000
Brewers Hill Apartments 1835 LLC
Joan Wiegand Investments LLC
Quit Claim Deed
related
$960,000 · M & I Marshall & Ilsley Bank
Jan 17, 2005
—
Joan Investments LLC
Richard A Wiegand
Quit Claim Deed
related
$763,200 · Wauwatosa Savings Bank
—
—
Wiegand Investments 2112 LLC
—
Deed Of Trust
related
$8,859,363 · Associated Bk
—
—
Brewers Hill Apartments 1835 L
—
Loan Modification
related
$12,237,844 · Associated Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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